VinFast targets family offices, eyes alternative assets for growth

Feb 23, 2024

This initiative seeks to tap into the wealth of ultra-high-net-worth individuals and the unique investment landscape of assets such as art and fine wine, moving beyond traditional stock or bond products.

Documents filed with the Singapore Accounting and Corporate Regulatory Authority reveal that VinFast’s approach to these potential investors involves a partnership with the US-based FORCE Family Office – the largest network of family offices in the United States, helping connect with companies for co-investment, education and philanthropy.

This collaboration aims to engage “family offices, investors, ecosystems, and individuals of significant net worth” to cultivate a ready pool of clientele for VinFast.

VinFast targets family offices, eyes alternative assets for growth

Specifically, FORCE will introduce VinFast to the Alternative Assets community and Family Offices through over 100 online events and seminars annually.

FORCE’s submission states that successful attraction of family offices requires brand building and the development of direct dialogues.

In a statement to DealStreetAsia, Vingroup underscored the partnership’s goal to foster investment in its electric vehicle subsidiary. As per the agreement terms, VinFast will issue 60,000 ordinary shares to FORCE as a service fee, representing less than 5 per cent of the EV company’s currently issued and circulating shares.

Established in 2020, FORCE’s website describes its role in facilitating connections among family offices, as well as between these entities and both private and public companies for investment, research, education, and philanthropic activities. The aim is to forge relationships that lead to investment collaborations.

“Direct investment in both private and public firms has significantly increased over the last 20 years as the number of family offices has nearly doubled, and traditional investments have yielded low returns,” FORCE states on its homepage.

VinFast recently announced plans to increase its publicly traded share ratio from the current 2 per cent to 10-20 per cent by the end of the year. Beyond its local manufacturing facilities and a $2 billion plant in the US, VinFast is also looking to expand its manufacturing footprint in Asia.

The company intends to invest at least $1.2 billion in Indonesia for vehicle distribution and to establish an electric vehicle factory, while in India, it plans to invest up to $2 billion in building electric vehicle and battery factories.

You may also like…

Hanwha Life Hàn Quốc đẩy mạnh mở rộng thị trường quốc tế
Hanwha Life Hàn Quốc đẩy mạnh mở rộng thị trường quốc tế

Hanwha Life Hàn Quốc ký kết hai biên bản ghi nhớ với SBVA và Celadon Partners cuối tháng 1 nhằm nâng cao năng lực công nghệ, mở rộng thị trường quốc tế. Thông tin được nêu tại Diễn đàn Kinh tế Thế giới (WEF) tại Davos, Thụy Sĩ. Theo đó, tập đoàn Hanwha Life Hàn Quốc...

Unilever Việt Nam: 30 năm đồng hành xây dựng bền vững ngôi nhà Việt
Unilever Việt Nam: 30 năm đồng hành xây dựng bền vững ngôi nhà Việt

Trong suốt 30 năm hiện diện tại Việt Nam, Unilever đã không ngừng nỗ lực để cải thiện cuộc sống của người dân và thúc đẩy sự phát triển bền vững. Với sứ mệnh lan tỏa những điều tốt đẹp, mang đến cuộc sống tươi sáng hơn mỗi ngày, Unilever Việt Nam đã đạt được nhiều...

Mondelez Kinh Do to bring joy to those unable to spend Tet at home
Mondelez Kinh Do to bring joy to those unable to spend Tet at home

Understanding the heartfelt longing of those unable to celebrate Lunar New Year with their families, Mondelez Kinh Do continues its creative and meaningful 'Loi Moi Sum Vay' (Special Invitation) campaign for 2025. Mondelez Kinh Do is one of Vietnam's leading snacking...

Verified by MonsterInsights